Elbit Systems to buy cyber and intelligence biz from NICE for $158 mn

Elbit Systems is set to buy NICE Systems’ Cyber and Intelligence division for $158 million.

NICE’s Cyber and Intelligence division offers solutions which provide law enforcement agencies and intelligence organizations with tools for creating communication intelligence. The division’s yearly revenue in 2014 was in the high tens of millions of dollars.

CYBERBIT, a subsidiary of Elbit Systems, will acquire the Cyber and Intelligence division to strengthen Elbit Systems’ activities relating to the Cyber Intelligence and Cyber Security markets.

CYBERBIT will focus on both the emerging government and commercial cyber markets, leveraging Elbit Systems extensive and cyber experience and technologies.

Adi Dar, executive vice president of Elbit Systems, will be general manager of CYBERBIT.
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